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Company's stock will continue to trade on OTCQB
Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased Keyuan Petrochemicals, Inc.
Cohen Milstein Sellers & Toll PLLC is conducting an investigation to determine whether Keyuan Petrochemicals, Inc.
On Track for Commercial Production by the end of 2011
-- Company will begin trading on the OTC market beginning October 7th
Expects to file 2010 and 1H 2011 financials by October 12
Company to remain listed on Nasdaq Stock Market subject to certain conditions
Companies such as China Electric Motor and Star Buffet are on watch by the Nasdaq to be ousted in six months.
A handful of penny stocks, including Cost Plus and VirnetX, have seen tremendous gains in 2010.
TriPoint Global Research senior analyst Stanley Ng assigns a rating of Market Outperform on Keyuan Petrochemicals (NASDAQ: KEYP).